assessment value

USAGE SUMMARY

'assessment value' is a correct and usable phrase in written English.
You can use it when referring to the estimated worth of an asset, item, or property. For example: "The assessment value of the house was considerably lower than its true market value."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

39 human-written examples

The reliability, responsiveness, and the construct validity of each HRQL instrument (the Health Utilities Index Mark 2 (HUI2) and Mark 3 (HUI3) and the Breast Reduction Assessment Value and Outcomes (BRAVO) instruments) were assessed.

Health and Quality of Life Outcomes

Mr. Wolfe said the inaccuracy of the revaluation was indicated by significant differences in the ratio of assessment value to full market value from neighborhood to neighborhood.

The New York Times

A single numerical assessment value represented that the fire safety level in the heritage village was low.

International Journal of Disaster Risk Reduction

But Walter Johnson, a professor of African and African American studies at Harvard University who has examined economic and racial segregation in Ferguson, notes that Emerson had earlier benefited from a low assessment value of its property.

The Washington Post

The result shows that the assessment value of structure and function is −0.513 and −0.208, respectively, which means that the Liangshui River ecosystem is defective in structure and sub-healthy in function.

Ecological Engineering

Another value is a contribution assessment value cntr d described in Section 5.1.

Human-centric Computing and Information Sciences

Human-verified similar examples from authoritative sources

Similar Expressions

21 human-written examples

Mentions other assessment values.

The New Yorker

The assessment valued by these approaches then combined to obtain spatial quality ranking of each of the subdivided enclosed space.

Building and Environment

Chesapeake, Va., created a site (www.cityofchesapeake.net) that allows residents to pay property taxes, peruse real estate assessment values and even watch programming on the city's cable television channel.

The New York Times - Tech

Preference-degree-based ranking lists are formed by calculating the relative degrees of preference for the arranged assessment values of the candidate machines.

Engineering Applications of Artificial Intelligence

Assessment values for lowest-level elements are calculated using a series algorithm that relates composite scores uniquely to the scoring scale.

Design Studies

Expert writing Tips

Best practice

When discussing financial or legal contexts, clearly define what constitutes the "assessment value" to avoid ambiguity. This is especially important when the assessed value differs from market value.

Common error

Avoid using "assessment value" and market value interchangeably. Assessment value is often used for property taxes and may not reflect the actual market price. Use the appropriate term based on the context to maintain accuracy.

Linguistic Context

The phrase "assessment value" functions as a noun phrase, typically used as the subject or object of a sentence. It refers to the estimated or determined worth of something, whether it's property, an asset, or a specific attribute. As Ludwig AI points out, the phrase is grammatically correct and frequently used.

Expression frequency: Common

Frequent in

Science

43%

News & Media

27%

Formal & Business

15%

Less common in

Academia

10%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "assessment value" is a grammatically correct and commonly used noun phrase, primarily functioning to denote the estimated or determined worth of something, especially in formal and professional settings. Ludwig AI confirms its validity and widespread use. Predominantly found in science, news, and business contexts, the term is often associated with taxation, financial reporting, and quality evaluation. While related phrases like "appraisal value" and "estimated value" offer similar meanings, "assessment value" carries a connotation of objectivity and standardization. It's crucial to distinguish it from "market value" to avoid confusion, particularly in financial discussions. In summary, understanding the nuanced usage of "assessment value" is essential for clear and precise communication across various disciplines.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

appraisal value

Focuses specifically on a formal estimation of worth, often for real estate or other assets.

estimated value

Emphasizes the process of forming an approximate value, often lacking the formality of an official assessment.

valuation

A more general term referring to the process or result of determining the worth of something.

assigned value

Highlights the act of attributing a value, which might be subjective or based on specific criteria.

determined value

Stresses the outcome of a valuation process, indicating a value has been definitively established.

market value

Refers to the price at which an asset would trade in a competitive open market.

property value

Specifically refers to the value of real estate.

tax assessment

Refers to a valuation for taxation purposes.

economic value

Broadly refers to the worth of something in economic terms, considering factors like utility and scarcity.

fair value

Emphasizes impartiality and objectivity in determining worth.

FAQs

How is the "assessment value" of a property determined?

The "assessment value" is typically determined by a local government assessor, considering factors like location, size, condition, and comparable sales. It's primarily used for calculating property taxes.

What's the difference between "assessment value" and "market value"?

The "assessment value" is used for taxation, while "market value" represents the price a willing buyer would pay for a property in a free market. They often differ.

Can I appeal my property's "assessment value"?

Yes, most jurisdictions allow property owners to appeal their assessment if they believe it's inaccurate. The process usually involves providing evidence to support a lower valuation.

What factors influence the "assessment value" of a business?

Factors such as assets, liabilities, earnings, and market conditions influence the "assessment value" of a business. Professional valuation methods are typically used to determine this value.